BlackRock Updates Passive Stake in Badger Meter (BGI)

Ticker: BMI · Form: SC 13G/A · Filed: 2024-01-19T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment

TL;DR

**BlackRock's still holding Badger Meter, signaling continued institutional confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating its ownership of Badger Meter Inc. common stock as of December 31, 2023. This filing, Amendment No. 4, updates previous disclosures about BlackRock's passive investment in the company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal confidence or concern about Badger Meter's future performance.

Why It Matters

This filing shows BlackRock's continued significant, albeit passive, investment in Badger Meter, which can reassure other investors about the stock's stability and long-term prospects.

Risk Assessment

Risk Level: low — This is a routine update from a large institutional investor, indicating a passive stake, which generally poses low risk.

Analyst Insight

Investors should note BlackRock's continued passive stake, but this filing alone doesn't suggest immediate action. It's a routine disclosure of an institutional holding, not a change in investment strategy.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4)' sections.

Who is the filer of this SC 13G/A?

The filer of this SC 13G/A is BlackRock Inc., as indicated in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.

What is the subject company of this filing?

The subject company is BADGER METER INC, as stated in the 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BADGER METER INC' section.

What was the date of the event that required this filing?

The date of the event which required this filing was December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement'.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.

From the Filing

0001086364-24-000323.txt : 20240119 0001086364-24-000323.hdr.sgml : 20240119 20240119144050 ACCESSION NUMBER: 0001086364-24-000323 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240119 DATE AS OF CHANGE: 20240119 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BADGER METER INC CENTRAL INDEX KEY: 0000009092 STANDARD INDUSTRIAL CLASSIFICATION: TOTALIZING FLUID METERS & COUNTING DEVICES [3824] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 390143280 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-17763 FILM NUMBER: 24545138 BUSINESS ADDRESS: STREET 1: 4545 WEST BROWN DEER ROAD CITY: MILWAUKEE STATE: WI ZIP: 53223 BUSINESS PHONE: 4143715702 MAIL ADDRESS: STREET 1: 4545 W BROWN DEER RD CITY: MILWAUKEE STATE: WI ZIP: 53223 FORMER COMPANY: FORMER CONFORMED NAME: BADGER METER MANUFACTURING CO DATE OF NAME CHANGE: 19710729 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us0565251081_011924.txt us0565251081_011924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4) BADGER METER INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 056525108 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 056525108 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 5104904 (6) Shared voting power 0 (7) Sole dispositive power 5160764 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 5160764 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 17.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- BADGER METER INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 4545 W BROWN DEER RD MILWAUKEE WI 53223 Item 2. 2(a) Name of person filing: ------------------------------------------------------------

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